1 00:00:00,405 --> 00:00:02,418 Welcome to BamaUp If this is your 2 00:00:02,432 --> 00:00:04,418 first time seeing a screen like this 3 00:00:04,682 --> 00:00:05,905 you do not need to know any 4 00:00:05,918 --> 00:00:07,695 of the buttons I will show you 5 00:00:07,708 --> 00:00:09,932 where to look step by step By 6 00:00:09,945 --> 00:00:12,629 the end you will find three things 7 00:00:12,853 --> 00:00:14,616 the name of the instrument the chart 8 00:00:14,629 --> 00:00:17,129 itself and its timeframe We will not 9 00:00:17,142 --> 00:00:18,682 buy or sell anything today 10 00:00:20,105 --> 00:00:21,934 You have probably heard that gold became 11 00:00:21,947 --> 00:00:24,158 more expensive or that its price fell 12 00:00:24,605 --> 00:00:26,474 This means the price of something changed 13 00:00:26,487 --> 00:00:29,210 over time Trading means buying and selling 14 00:00:29,224 --> 00:00:31,224 to try to benefit from price changes 15 00:00:31,671 --> 00:00:33,461 But prices do not always move in 16 00:00:33,474 --> 00:00:35,355 our favor and we can lose money 17 00:00:35,803 --> 00:00:38,250 Before thinking about buying let us understand 18 00:00:38,263 --> 00:00:40,197 the information this screen provides 19 00:00:41,605 --> 00:00:44,132 This page is called TradingView For now 20 00:00:44,461 --> 00:00:45,829 think of it as a window onto 21 00:00:45,842 --> 00:00:48,566 prices Opening the page by itself does 22 00:00:48,579 --> 00:00:50,632 not open a trade or move money 23 00:00:51,066 --> 00:00:52,776 You will also hear the name MetaTrader 24 00:00:52,789 --> 00:00:55,408 later It is another application for viewing 25 00:00:55,421 --> 00:00:57,684 charts and working with a trading account 26 00:00:58,132 --> 00:01:01,092 To avoid confusion this sample uses only 27 00:01:01,105 --> 00:01:02,474 the page in front of us 28 00:01:03,905 --> 00:01:05,392 Look at the upper-left corner where the 29 00:01:05,405 --> 00:01:07,787 pointer is moving The short name here 30 00:01:07,892 --> 00:01:10,313 identifies the instrument whose price we are 31 00:01:10,326 --> 00:01:12,826 viewing This is called its symbol I 32 00:01:12,839 --> 00:01:14,603 click it and type the gold symbol 33 00:01:15,050 --> 00:01:18,129 Several results appear because different sources supply 34 00:01:18,142 --> 00:01:22,168 prices I select this gold-against-dollar example This 35 00:01:22,182 --> 00:01:25,037 is a screen demonstration not a recommendation 36 00:01:25,050 --> 00:01:26,550 to use the displayed broker 37 00:01:27,955 --> 00:01:30,113 Look at these six letters The first 38 00:01:30,126 --> 00:01:33,153 three represent gold the last three mean 39 00:01:33,166 --> 00:01:35,495 the United States dollar We are viewing 40 00:01:35,508 --> 00:01:38,034 a gold quote expressed in dollars not 41 00:01:38,047 --> 00:01:40,508 an Iranian retail gold price per gram 42 00:01:40,521 --> 00:01:42,482 in tomans You do not need to 43 00:01:42,495 --> 00:01:45,324 memorize the letters today Just understand that 44 00:01:45,337 --> 00:01:47,389 the symbol identifies what the chart is 45 00:01:47,403 --> 00:01:49,889 about All prices shown belong to the 46 00:01:49,903 --> 00:01:50,916 time of the recording 47 00:01:52,305 --> 00:01:54,082 This line is a chart It shows 48 00:01:54,095 --> 00:01:56,608 how price changed over time Time runs 49 00:01:56,621 --> 00:01:58,792 along the bottom and price values are 50 00:01:58,805 --> 00:02:00,674 shown at the side I move the 51 00:02:00,687 --> 00:02:03,411 pointer over one part its time appears 52 00:02:03,424 --> 00:02:05,621 below while the side shows the price 53 00:02:05,634 --> 00:02:08,568 level under the pointer Every location combines 54 00:02:08,582 --> 00:02:11,318 time and price The picture describes the 55 00:02:11,332 --> 00:02:13,516 past it does not promise the next 56 00:02:13,529 --> 00:02:14,450 part will go up 57 00:02:15,905 --> 00:02:18,182 I will change only the display not 58 00:02:18,195 --> 00:02:20,840 the market itself From the chart-type menu 59 00:02:20,984 --> 00:02:23,721 I select Candles These little rectangles are 60 00:02:23,734 --> 00:02:27,208 called candles Each summarizes price movement during 61 00:02:27,221 --> 00:02:29,511 one time interval We will practice their 62 00:02:29,524 --> 00:02:32,287 bodies and thin lines separately For now 63 00:02:32,721 --> 00:02:34,971 notice the difference previously we had a 64 00:02:34,984 --> 00:02:37,116 line and now we view the same 65 00:02:37,129 --> 00:02:38,287 market with candles 66 00:02:39,732 --> 00:02:41,889 Here is an important question how much 67 00:02:41,903 --> 00:02:44,350 time is summarized by each candle The 68 00:02:44,363 --> 00:02:46,468 answer is in the menu above It 69 00:02:46,482 --> 00:02:49,021 currently says one day so each candle 70 00:02:49,034 --> 00:02:51,982 summarizes one trading day This setting is 71 00:02:51,995 --> 00:02:54,271 the timeframe I open the menu so 72 00:02:54,284 --> 00:02:56,442 we can locate one hour Watch this 73 00:02:56,455 --> 00:02:58,587 single change we will not add any 74 00:02:58,600 --> 00:02:59,495 other tools yet 75 00:03:00,905 --> 00:03:03,524 I select one hour Each candle now 76 00:03:03,537 --> 00:03:06,590 summarizes one hour changing the arrangement and 77 00:03:06,603 --> 00:03:09,168 number of visible candles I switch back 78 00:03:09,182 --> 00:03:10,760 to one day so you can compare 79 00:03:11,195 --> 00:03:13,274 A one-hour timeframe does not mean you 80 00:03:13,287 --> 00:03:15,418 must close a trade after exactly one 81 00:03:15,432 --> 00:03:18,589 hour It only determines how price observations 82 00:03:18,603 --> 00:03:19,826 are grouped on this chart 83 00:03:21,268 --> 00:03:24,032 One simple distinction about robots here we 84 00:03:24,045 --> 00:03:26,782 make decisions and click the buttons ourselves 85 00:03:27,216 --> 00:03:29,571 A trading robot is software that performs 86 00:03:29,584 --> 00:03:32,834 certain trading tasks according to defined instructions 87 00:03:33,268 --> 00:03:35,229 The ordered rules and steps form an 88 00:03:35,242 --> 00:03:39,071 algorithm Not every robot uses artificial intelligence 89 00:03:39,282 --> 00:03:41,426 and automation alone does not make it 90 00:03:41,439 --> 00:03:45,374 profitable Practical robot work comes after understanding 91 00:03:45,387 --> 00:03:47,347 accounts and trades not today 92 00:03:48,768 --> 00:03:50,939 Here is a short exercise without buying 93 00:03:50,953 --> 00:03:53,558 anything Find three places on this screen 94 00:03:54,045 --> 00:03:56,584 First where is the gold symbol Second 95 00:03:56,900 --> 00:03:58,716 on which side are the price values 96 00:03:59,189 --> 00:04:02,058 Third which timeframe is selected now We 97 00:04:02,071 --> 00:04:03,887 will wait a few seconds You can 98 00:04:03,900 --> 00:04:05,900 pause the video too The goal is 99 00:04:05,913 --> 00:04:08,032 not merely to repeat my words but 100 00:04:08,045 --> 00:04:10,203 to point to these three items yourself 101 00:04:19,655 --> 00:04:21,339 Let us check with the pointer The 102 00:04:21,353 --> 00:04:23,866 upper-left corner shows gold against the dollar 103 00:04:24,313 --> 00:04:26,392 Price values are beside the chart and 104 00:04:26,405 --> 00:04:28,432 time is below it We returned the 105 00:04:28,445 --> 00:04:30,774 timeframe to one day If you can 106 00:04:30,787 --> 00:04:33,024 find these three items that is enough 107 00:04:33,037 --> 00:04:35,576 for lesson one Next we distinguish demo 108 00:04:35,589 --> 00:04:37,708 accounts from live accounts so you know 109 00:04:37,721 --> 00:04:39,642 where you are practicing and where real 110 00:04:39,655 --> 00:04:40,879 money would be at risk